Forex Conductor

[AirRazorDH]

I just purchased a copy and put it on a test account. They claim
their a "hybrid" EA. They adjust the trades on the fly. Has anybody
used them? They barely showup on sites when you google them so I
assume their very new.

 

[Randy1540]

I just purchased a copy and put it on a test account. They claim
their a "hybrid" EA. They adjust the trades on the fly. Has anybody
used them? They barely showup on sites when you google them so I
assume their very new.

I was wondering about this too.

 

[richterbg]

They seem to be the same people that manage ForexFormance.com

Actually, the designer of the page has left the ForexFormance string in one of the banners near the bottom of the page at:

ForexConductor™

The problem with this product is that they charge a monthly fee, as stated in their terms, which are very greasy, actually:

ForexConductor™

 

[richterbg]

It seems that they are the same guys that manage ForexFormance.

They even mention the ForexFormance strings in one of their ForexConductor banners at the bottom of the page. It seems that their designer has made a mistake.

The main problem with both these products are the Terms of Service. They do charge a monthly subscription fee. Please read the terms carefully, before making any purchases in order to avoid unpleasant surprises.

Anyway, I would also be glad if someone shares a live statement of the ForexConductor product. If the results are OK, I wouldn't mind the subscription fee.

 

[AirRazorDH]

Well I have them running on a Demo account right now. One trade closed in profit and 4 in the works. From looking at the tades they posted on their site they seem to keep trades open upto a few days. I'll keep you posed on how it goes after a few weeks.

I'll also have to look into the monthly fee. It seems a different product then Forexformance. This is an actual EA that you attatch to one chart and it uses MT4 to trade all the pairs they list. Is this the same as Forexformance? I did not have to supply them my user name and password which I read that you did have to do for Forexformance.

 

[richterbg]

Hmm, sorry for the double post. The first one didn't show up, so I made another one...

Well, at some point I started getting promotional messages for ForexFormance. Probably, I've signed for their list at some point. At that moment it was not possible to use ForexFormance with Metatrader.

A week or two ago I got a new promotional message, that ForexFormance can now be used with MT4. Then came the promotion for ForexConductor. I guess, they have separated the MT4 part as a new product.

With ForexConductor they still claim that they adjust the trades. I really don't know how does this happen. They don't explain it on their site. If they don't have this additional touch, then the monthly fee looses its point.

Here is a quote from their terms, that I don't quite like (too mainy ifs):

B. 60-Day Money Back Guarantee
ForexConductor offers a 60-day double your purchase price guarantee. If you download the software and trade any funded standard-lot or mini-lot MT4 account with ForexConductor's trading signals for 60 consecutive days and do not at least profit double the amount of your purchase price, ForexConductor will issue a refund. To request a refund, please send an email with a copy of trading statment to support@ForexConductor.com or call 866-264-5445 with your username and date of purchase. Upon approval of the guarantee, ForexConductor will issue a refund of the purchase price to the card used on the date of purchase. Request of refund via the guarantee does not cancel your use or licensing of the software.

C. Software Download and Licensing
The initial software purchase and download term is 30 days. You have 14 days from the date of purchase to request a refund. Upon cancellation and account termination, ForexConductor in its sole discretion shall have the right but not the responsibility to delete all of the account information provided by you. If you are entitled to a refund, you will receive any refund due as a credit to the same credit card or checking account that was charged initially. If members do not choose to cancel they will be charged a monthly licensing fee of $39.95 which automatically renews every 30 days and charged to the card last used on the Site. ForexConductor is not obligated to send you any renewal or advance billing notices indicating that your credit card will be or has been charged. You are financially responsible for licensing fees until ForexConductor receives notice of cancellation via email at support@ForexConductor.com or by calling 866-264-5445. You may cancel at anytime. However, please note is our policy to give neither full nor pro-rated refunds for the current month or any preceding months.

 

[AirRazorDH]

I actually looked that up myself and saw that exact same paragraph in their terms of
service. I must admit they have been winning for the week. Up over $278.55 just this
week alone trading minilots.

I'm a little confused about how the technology works but its simply they send
open and close signals to the EA which is connected to their servers. I had
my MT4 crash the other day and sent them an email about how Conductor
handles trade recovery and got a reply back in 4 mins so thats a pretty big
plus in their corner.

I'd put it in a sort of managed account catagory that you have control of
when the trade closes but not opens and only costs $40USD/mo. I agree
with you. Thats not a bad price if they perform.

Has anybody seen a product like this before? First time for me.

 

[richterbg]

well, i did send them a mail to support@ForexConductor.com. I was asking if they provide access to a live account where the prospect users would be able to monitor the performance of the system. no answer so far.

probably, they can do this with some delay, so that the people would not be able to use their signals in real time.

 

[richterbg]

just curious if you are still getting good results with this service? Also, which timeframe it is supposed to work on?

 

[2stylsh]

Forex Conductor Live Results

Hi All,

Have used this on three of my live accounts for the last trading week, and what a ride it has been.

On my main account, which is linked up to myfxbook I was up by 50% ($600) in less than a week, stats were through the roof, easily the highest by far of any ea's im currently testing.....

Then came the black swan ;(

Everything hunky dory when i checked in after coming home from work on Friday to catching some z's to waking up at midnite to see down by almost 50%

I emailed FC to let them know i witnessed the potential of the system, but as for a professional trader watching over this automated system, he must have been at macca's scoffing a mc black swan burger with the works!

So week two has now begun, and we will see if my feedback is implemented
if the negs are not being managed proportionately to the basket of weekly earned pips then this will be removed come this Friday, so its up to FC to make this a winner as it has the potential to be.